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Cable Update (GBPUSD)

  • #192,501
  • Jan 13, 2010 2:20am Jan 13, 2010 2:20am
Long-term view.
1.35 or 1.95?
  • #192,502
  • Jan 13, 2010 2:22am Jan 13, 2010 2:22am
why i'm not sitisfied with the my chart respon?? not going to short?
I will be the number one Manager.
  • #192,503
  • Jan 13, 2010 2:23am Jan 13, 2010 2:23am
Quoting blindman
Correct me if I am wrong, but I see a shooting star on the hour tf. Should be coming down for a bit. I've taken a short from 1.6230.
Actually, this is more of an evening Doji Star. We will see if it confirms if this closes in the body of the big white candle.

The reason:: look at the weekly chart, at the 100 fibonacci line for the previous 2 weeks. Major resistance here. WIll not break that point without a fight.
  • #192,504
  • Jan 13, 2010 2:23am Jan 13, 2010 2:23am
Quoting Clouds
Long-term view.
1.35 or 1.95?
I hope 1.35.. or at least the down side!
  • #192,505
  • Jan 13, 2010 2:24am Jan 13, 2010 2:24am
Quoting m.haggag
thank You man , i have also my confirmations on my lovely stoch ,, but afraid of the res at the last double tops @ 1.6193
Your right there is support at 1.6193 and thats y the bounce right now...Might enter once support is broken...

But lets see what happens after the news...
  • #192,506
  • Jan 13, 2010 2:24am Jan 13, 2010 2:24am
Look at 1.6185/190/196, I don't say no retrace down but not so easy broken down again after broken up in many efforts since last week ! Good luck for shorter !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #192,507
  • Jan 13, 2010 2:25am Jan 13, 2010 2:25am
Quoting Clouds
Long-term view.
1.35 or 1.95?
How about a hedge. Close the short @ 1.35 and then ride the long up to 1.95.. lol. Personally, I don't like year or 2 long trades, hence why I would hedge.
  • #192,508
  • Jan 13, 2010 2:28am Jan 13, 2010 2:28am
To short now is like to kill yourself lol
  • #192,509
  • Jan 13, 2010 2:32am Jan 13, 2010 2:32am
Quoting dil
To short now is like to kill yourself lol
it is tight stoploss

i will close it before news time by anyway, i will open it again if the news is bad or doesn't break the res
  • #192,510
  • Jan 13, 2010 2:32am Jan 13, 2010 2:32am
The green line decides 1.35 or 1.95 maybe
Attached Image
  • #192,511
  • Jan 13, 2010 2:33am Jan 13, 2010 2:33am
Quoting manize
Look at 1.6185/190/196, not so easy broken down again after broken up in many efforts since last week ! Good luck for shorter !
Manize,

I do tend to agree with you to a point. But if this is truely consolidating, like it has been for almost 3 weeks, may be tough for the bulls to break this spot. Weekly has not brokent this spot in 3 weeks (including right now). I am sure that you have been trading forex a long time and know that anytime you get to a major spot it is not easily broken. This is a good spot to play down with a VERY tight stop loss above here. But, all in all do I agree with you...yes. It has broken through the 61 fib line on the monthly and quarterly candle which means it should proceed to the 50, 38.2 or 23.6 fibs before it makes it's down move to go lower. Placing a trade here you can place a 25 - 40 pip SL with a possible gain of 260 pips.
  • #192,512
  • Jan 13, 2010 2:40am Jan 13, 2010 2:40am
Quoting Clouds
The green line decides 1.35 or 1.95 maybe
Attachment
Wow, Bollinger bands on the Monthly chart. I haven't used those in a long time. While you are correct, we could be consolidating right now where the top and bottom bands will come in to meet by the green. Thus we wouldn't know which way it would go until it broke out and followed one band up/down. That may be what we have since this pair has been going sideways for almost 1 year now.
  • #192,513
  • Jan 13, 2010 2:52am Jan 13, 2010 2:52am
WE will NOT go down.... in the night....without a fight......

(so before fight it's better to runaway ....)


love peace.... ()
I will be the number one Manager.
  • #192,514
  • Jan 13, 2010 2:54am Jan 13, 2010 2:54am
Why am i the only one in here that see's UPTREND, hmmmmm. May be i come from space.....
  • #192,515
  • Jan 13, 2010 2:55am Jan 13, 2010 2:55am
Quoting javapips
WE will NOT go down.... in the night....without a fight......

(so before fight it's better to runaway ....)


love peace.... ()
ooooh man , where are u going , stay here fight with me
  • #192,516
  • Jan 13, 2010 2:56am Jan 13, 2010 2:56am
A break of 1.6245 gives we clear confirmation for the next 2-3days long continuation.......watch out everyone
  • #192,517
  • Jan 13, 2010 2:56am Jan 13, 2010 2:56am
Quoting dil
To short now is like to kill yourself lol
I'm right again
  • #192,518
  • Jan 13, 2010 2:57am Jan 13, 2010 2:57am
Quoting m.haggag
ooooh man , where are u going , stay here fight with me
I shortet on ur call btw

I am -30 pips now ,how many pips r u -ve??

-15 now
  • #192,519
  • Jan 13, 2010 2:58am Jan 13, 2010 2:58am
Attached Image


Just a thought.
It's Easy To Get In;.. It's Hard To Get Out
  • #192,520
  • Jan 13, 2010 3:00am Jan 13, 2010 3:00am
Quoting Brb-Fraudin
I shortet on ur call btw

I am -30 pips now ,how many pips r u -ve??

+11 pips

wow ... hey sellers .. stick together team
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